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Hanoi’s primary market recorded a sharp increase in the supply of villas and townhouses in the third quarter, but according to CBRE, only about 30% of units were absorbed because prices remained high. In the affordable housing segment, a social housing project in Phuc Thinh is expected to be priced at VND 29.7 million per square meter. Meanwhile, housing demand in northern Ho Chi Minh City is expected to rise alongside plans to attract high-tech investment and international experts. In Ho Chi Minh City, more than 3.3 hectares of production land in An Phu Ward have been approved for conversion to develop the Phu Gia Khiem apartment project. However, land procedures, site clearance and the requirement for synchronized infrastructure investment remain major bottlenecks in expanding the urban area. Financial pressure is also continuing to affect homebuyers, as many have had to sell properties, move to smaller apartments or relocate farther from the city center after interest-rate support e...

The real estate market recorded notable developments across housing, land and commercial property segments. After the end of interest rate support periods, some homebuyers have had to sell their properties, move to smaller homes or choose locations farther from city centers to ease financial pressure as floating interest rates rise. Meanwhile, primary supply from two large urban projects in western and southern Ho Chi Minh City, where prices are lower, pushed townhouse prices down by nearly 33% year on year. The city’s retail absorption also fell 26% in the third quarter as sports, lifestyle and entertainment chains reduced their floor space. In contrast, condotel sales in the third quarter increased more than fivefold from the previous quarter, despite continued sluggishness in the resort property market. In Ho Chi Minh City, municipal authorities resolved legal issues and allowed Giang Nam Company to convert more than 3.3 hectares of production land for the Phu Gia Khiem apartment ...

The real estate market continued to show mixed developments in the third quarter. In Ho Chi Minh City, primary supply from two large urban developments in the western and southern areas, where prices were lower, pushed landed housing prices down by nearly 33% year on year, according to Savills. In the retail sector, absorption fell 26% during the quarter as sports, lifestyle and entertainment chains reduced their premises, according to Knight Frank. DXS-FERI also recorded real estate price declines of 5-20% in several areas, as some new projects adjusted prices below the prevailing local levels. Amid large supply, the Vietnam Association of Realtors recommended that developers adjust their product structure and limit high-end housing development to avoid the risk of oversupply. Despite the overall slowdown, several segments and localities showed positive signals. Lam Dong recorded 7,103 land transactions in the third quarter, up 13% from the same period last year. Condotel absorption...

The real estate market in the third quarter continued to show clear differentiation. According to DXS-FERI, property prices in many areas fell by 5-20% as some new projects adjusted prices below local market levels. Demand also weakened, with the absorption of primary housing nationwide down 36% year on year, while demand for land plots and apartments in Ho Chi Minh City and neighboring areas fell 66% compared with the previous quarter, according to Dat Xanh Services. Lam Dong, however, moved against the broader trend, recording 7,103 land plot transactions in the third quarter, up 13% from the same period last year. Hanoi expects to collect VND146 trillion in land-related budget revenue this year, an increase of more than 35% from 2025 and the highest level ever recorded. In the social housing segment, Ho Chi Minh City has added a project covering nearly 192 hectares in Ba Diem Commune. The project will be developed by Delta Joint Stock Company, an enterprise within the Vinhomes eco...

The real estate market in the third quarter recorded a clear adjustment in both prices and purchasing power. According to DXS-FERI, property prices in many areas fell by 5 to 20%, with some new projects being adjusted below the local market level. Nationwide absorption of primary housing decreased by 36% year on year, while demand for land plots and apartments in Ho Chi Minh City and surrounding areas fell 66% compared with the previous quarter. In Hanoi, the absorption rate for new apartments was only around 30%, significantly lower than the 70 to 80% recorded in the same period last year. Against this backdrop, some developers introduced cash flow support policies, including a plan at The Westique Residences allowing buyers to pay 30% of the apartment value until handover and defer the remaining schedule for 30 months. The supply of social housing continues to expand in several localities. Ho Chi Minh City has an additional project covering nearly 192 hectares in Ba Diem Commune, w...

The real estate market is showing mixed developments in business performance, purchasing power and project policies. Kinh Bac Urban Development Corporation, a company associated with businessman Dang Thanh Tam, recorded more than VND 937 billion in net profit after tax in the third quarter, its highest level since the first quarter of 2023. Meanwhile, the absorption rate of new apartments in Hanoi was only about 30% in the third quarter, a sharp decline from 70 to 80% during the same period last year. Although secondary prices have cooled and developers have increased incentives, buyers remain cautious because of financial pressure and expectations of better prices. Several projects are offering cash flow support, including The Westique Residences, where buyers of two-bedroom apartments pay 30% of the value until handover, followed by a 30-month extended payment schedule. In the social housing segment, Bac Ninh is expected to receive nearly 2,900 additional apartments at Hope Residen...

The real estate market is seeing notable developments in Ho Chi Minh City, Bac Ninh and localities pursuing urban and tourism development. In Ho Chi Minh City, authorities have proposed setting a compensation coefficient when the State appoints contractors for old apartment renovation projects, instead of leaving investors and residents to negotiate independently. Working Group 1645 has also met with real estate businesses to address obstacles and accelerate the issuance of certificates to homebuyers at four projects. Meanwhile, more than 5.5 hectares of land at the Nam Thanh Pho five-urban-cluster project is expected to be reduced to make way for the expansion of National Highway 1. The city has also announced 10 additional commercial housing projects eligible for sale to foreigners, bringing the total to 158 projects. Market liquidity remains under pressure as homebuyers stay cautious amid financial strain and expectations of further price reductions. Secondary prices have cooled a...